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Condensed Consolidated and Combined Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Revenues:    
Operating revenues $ 25,717,000 $ 4,623,000
Operating Costs and Expenses:    
Oil and natural gas production 2,227,000 2,389,000
Production and ad valorem taxes 1,664,000 308,000
Exploration and abandonments 191,000 3,000
Depletion, depreciation and amortization 12,963,000 3,356,000
Accretion of discount on asset retirement obligations 35,000 34,000
General and administrative 1,759,000 2,861,000
Stock-based compensation 966,000
Total operating costs and expenses 19,805,000 8,951,000
Income (loss) from operations 5,912,000 (4,328,000)
Interest income 1,000
Interest expense (54,000)
Other expense (76,503,000)
Income (loss) before income taxes 5,859,000 (80,831,000)
Income tax expense 1,115,000
Net income (loss) $ 4,744,000 $ (80,831,000)
Earnings per share:    
Basic net income (in dollars per share) $ 0.05
Diluted net income (in dollars per share) $ 0.05
Basic (in shares) 92,592
Diluted (in shares) 95,482
Crude Oil Sales [Member]    
Operating Revenues:    
Operating revenues $ 24,870,000 $ 4,524,000
Natural Gas and NGL Sales [Member]    
Operating Revenues:    
Operating revenues $ 847,000 $ 99,000